M/S.KONINKLIJKE PHILIPS N.V,KOLKATA vs. ACIT(I), CIR-1(2), KOLKATA. , KOLKATA

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ITA 1264/KOL/2023Status: DisposedITAT Kolkata31 January 2024AY 2021-22Bench: Shri Rajesh Kumar (Accountant Member), Shri Sonjoy Sarma (Judicial Member)2 pages

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Income Tax Appellate Tribunal, “ C” BENCH: KOLKATA

Before: Shri Rajesh Kumar & Shri Sonjoy Sarma]

आयकर अपीलीय अधिकरण, कोलकाता पीठ “सी’’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “ C” BENCH: KOLKATA श्री राजेश कुमार, लेखा सटस्य एवं श्री संजय शमाा, न्याययक सदस्य के समक्ष [Before Shri Rajesh Kumar, Accountant Member & Shri Sonjoy Sarma, Judicial Member] I.T.A. No.1264/Kol/2023 Assessment Year: 2021-22 M/s Koninklijke Philips Ltd. Vs. ACIT(IT), Circle-1(2), Kolkata

((PAN: AACCK 0806 B) ) अपीलार्थी ( Respondent / प्रत्यर्थी Appellant /

Date of Hearing / सुनवाई 22.01.2025 की यिथर्थ Date of Pronouncement/ 31.01.2025 आदेश उद्घोषणा की यिथर्थ For the assessee / Shri Ridhi Jain, A.R यनर्ााररिी की ओर से For the revenue / राजस्व Shri Guru Bhashyam, CITDR की ओर से

ORDER / आदेश Per Rajesh Kumar, AM:

This is the appeal preferred by the assessee against the order of Ld. Dispute Resolution Panel-2, New Delhi (hereinafter referred to as the Ld. DRP] dated 23.08.2023 for AY 2021-22. 2. At the time of hearing, it was pointed out that the assessee has already gone into Vivad Se Vishwas Scheme 2024 ('VSVS 2024' Scheme) by filing form no.1, with the

2 I.T.A. No. 1264/Kol/2023 Assessment Year: 2021-22 M/s Koninklijke Philips N. V. competent authority and accordingly , prayed before the Bench that the assessee may be allowed to withdraw this appeal to which the ld. DR did not oppose.

3.

Hence, we are dismissing the appeal as withdrawn with the liberty to the assessee to get the appeal revived by filing necessary miscellaneous application if the assessee is not successful in the VSVS-24, for any reason, whatsoever.

4.

In the result, the appeal filed by the assessee is dismissed as withdrawn.

Order is pronounced in the open court on 31st January, 2025

Sd/- Sd/-

(Sonjoy Sarma /संजय शमाा) (Rajesh Kumar/राजेश कुमार) Judicial Member/न्याययक सदस्य Accountant Member/लेखा सदस्य Dated: 31st January, 2025 SM, Sr. PS Copy of the order forwarded to: 1. Appellant- M/s Koninklijke Philips Ltd., C/o, Deloitte Haskins & Sells LLP, Bengal Intelligent Park, Building Omega, 13th & 14th Floor, Block-EP & GP, Sector-V, Salt Lake Electronic Complex, Kolkata-700091. 2. Respondent – ACIT (International Taxation), Circle-1(2), Kolkata 3. Ld. DRP-2, New Delhi 4. Ld. Pr. CIT- , Kolkata 5. DR, Kolkata Benches, Kolkata (sent through e-mail)

M/S.KONINKLIJKE PHILIPS N.V,KOLKATA vs ACIT(I), CIR-1(2), KOLKATA. , KOLKATA | BharatTax